TORONTO, January 16, 2012 RBC Global Asset Management Inc. (RBC GAM) today announced that Canadian investors can now access select RBC Funds and PH&N Funds through the new corporate class structure of RBC Corporate Class Funds.
"We are pleased to offer advisors and investors access to our award-winning family of funds with the added benefits of corporate class," said Doug Coulter, President of RBC Global Asset Management Inc. "The new suite of RBC Corporate Class Funds provide advisors with enhanced flexibility to build tax-efficient portfolios for their clients. These funds are also among the few corporate class offerings available direct to investors through Series D."
Corporate class funds are tax-efficient investment solutions, ideal for non-registered plans. RBC Corporate Class Funds include a selection of fixed income and equity funds that provide investors with tax-free switching and rebalancing, reduced taxable distributions and a method of tax-efficient bond investing.
RBC Corporate Class Funds are available to individual investors through four low fee options: Series A, Advisor Series and Series F (available via financial advisors), and Series D (available via direct-to-client platforms such as PH&N Investment Services and RBC Direct Investing). The funds are also available to institutional investors through Series O.
The management fees for the corporate class series that are available to individual investors are outlined in the table below.
RBC Corporate Class Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) which includes institutional money managers Phillips, Hager & North Investment Management (PH&N), RBC Global Asset Management (U.S.) and BlueBay Asset Management. RBC GAM is a provider of global investment management services and solutions to individual, high net worth and institutional investors through mutual funds, pooled funds, hedge funds, segregated accounts and specialty investment strategies. RBC GAM group of companies manage more than $250 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management which directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia. RBC Wealth Management provides integrated and diversified international wealth management expertise and solutions, asset management and trust services to high net worth individuals and to corporate and institutional clients. Services provided by RBC Wealth Management consultants, advisors, private bankers and trust officers include trust and estate planning, tax advice, discretionary investment management and investment advisory services, structured solutions, banking, lending and global custody. RBC Wealth Management has over $525 billion of assets under administration, over $305 billion of assets under management and more than 4,300 financial consultants, advisors, private bankers and trust officers.
- 30 -